Troubled Boeing faces investors and awaits strike vote
Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...Business
US considering Google breakup following monopoly ruling
The US Department of Justice (DOJ) made recommendations for Google’s search engine business practices on Tuesday, according to US media....Business
Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...They called for expanding outreach to foreign markets, fostering collaboration between the government and the industrial sector.
Jordan has taken several measures to stimulate domestic exports, improve market access and maximize the benefits of existing free trade agreements.
Tesla to unveil robotaxi in August
Its shares rose more than three percent in after-market trades.Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X
Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked
Meta to label AI-generated content
It seeks to reassure users over the risks of deepfakes.The company said it will no longer remove manipulated images and audio that don't otherwise break its rules
The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content
Dubai receives 3.67 million visitors in first two months of 2024
Dubai, UAE--Dubai received 3.67 million overnight visitors in January-February 2024, with an increase of over 18 percent year-on-year (YoY), figures...The emirate recorded 1.77 million international visitors in January, and 1.9 million in February, according to Dubai Department of Economy and Tourism
Europe led the list with 773,000 tourists, South Asia came in second with 604,000 visitors, followed by Gulf Cooperation Council countries with 549,000
UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...The weekly liquidity in the Abu Dhabi market was US$1.2 billion (AED4.57 billion).
The weekly liquidity in the in the Dubai market was US$517 million (AED1.9 billion).
Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.
Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.
CBI, zypl.ai ink partnership
The pact aligns with CBI’s plan to support innovation in UAE.CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.
CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.
Samsung expects 10-fold jump in Q1 profit
It expects operating profits to jump to US$4.89bn.The company expects January-March operating profits to climb 931.3 percent to $4.89 billion
The South Korean firm is expected to release its final earnings report at the end of this month
Electric cars credited with lower CO2 emissions in US neighborhoods
LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.
Britain expands investigation into Vodafone-Three UK merger
London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...The watchdog had warned last month that the deal could have a "substantial" impact on competition and may lead to higher prices and also reduced quality for consumers.
The merger, if approved, will vault the combined operations above the country's two largest mobile operators BT EE and Virgin Media O2 in terms of customer numbers.